Philips eyes windfall of almost 1b euros in May 27 IPO
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
The Hague
DUTCH electronics giant Philips announced on Monday it would float 25 per cent of its shares in a highly anticipated initial public offering (IPO) set for May 27 which could raise almost one billion euros (S$1.6 billion).
The Amsterdam-based company said it would release some 37.5 million shares - with an option of releasing more if the offer is over-subscribed - aiming at raising between 694 million euros to 970 million euros.
Share with us your feedback on BT's products and services
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
OCBC is said to emerge as lead bidder for HSBC Indonesia assets
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
